Kentucky Retirement Systems Invests $717,000 in The Mosaic Company $MOS

Kentucky Retirement Systems purchased a new position in The Mosaic Company (NYSE:MOS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 28,136 shares of the basic materials company’s stock, valued at approximately $717,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after buying an additional 601 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Mosaic during the 2nd quarter valued at $31,000. SJS Investment Consulting Inc. grew its stake in shares of Mosaic by 72.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 525 shares during the period. Gen Wealth Partners Inc purchased a new stake in Mosaic in the 4th quarter worth about $32,000. Finally, MUFG Securities EMEA plc purchased a new stake in Mosaic in the 2nd quarter worth about $34,000. 77.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on MOS. Wells Fargo & Company dropped their price objective on shares of Mosaic from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. Berenberg Bank reduced their target price on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Royal Bank Of Canada raised shares of Mosaic from a “sector perform” rating to an “outperform” rating and lowered their price target for the company from $28.00 to $27.00 in a research report on Wednesday, May 13th. Freedom Capital upgraded shares of Mosaic from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Finally, HSBC cut their price objective on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.11.

Mosaic Price Performance

Mosaic stock opened at $22.10 on Friday. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 170.00, a PEG ratio of 3.07 and a beta of 0.82. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $22.19 and a 200 day simple moving average of $24.77. The Mosaic Company has a 52 week low of $19.80 and a 52 week high of $36.99.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.15). The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The business’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS. On average, research analysts forecast that The Mosaic Company will post 0.73 earnings per share for the current fiscal year.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.